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Sebi imposes Rs 40 lakh penalty on two brokers in Axis Mutual Fund front-running case

Source: Economic Times · Nov 04, 2026 00:35 UTC

The Quick Take

Securities and Exchange Board of India has imposed penalties on two stockbroking firms over regulatory violations. Woodstock Broking and Marfatia Stock Broking allowed unauthorized access to their trading terminals. This access facilitated front-running trades by Prijesh Kurani, who operated from Dubai. The investigation revealed insider information was shared regarding Axis Mutual Fund's trades.

Read the full story at Economic Times →

Ground Level News aggregates headlines from public feeds. This page shows a short summary only; the full article and all rights belong to Economic Times.

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